06/21/05: Now that former Tyco CEO Dennis Kozlowski and former CFO Mark Swartz have been found guilty on 22 of 23 counts of grand larceny and conspiracy among other misdeeds, expect a new feeding frenzy to begin. It won’t be the media outlets that will give it much coverage, although they should. The frenzy will come sometime after Labor Day when the 2006 election tryouts begin. This is where incumbents and wannabes line up and tell you how much they will do to make sure corporate fraud is a thing of the past. Of course, much of this will be posturing with no real regard to how this type of corruption not only punishes the shareholders of these companies, but the well meaning executives and employees that work so hard day in and day out. The next big trial will be Kenneth Lay of Enron fame. Need I tell you how that will play out?
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TRAMMELL CROW CO. (SAN FRANCISCO) The firm has named Stephanie Grey director of account operations for the Northern California region. Grey has moved up from her previous position as regional manager of lease administration.
WACHOVIA CORP. (UNION, NJ) Sandeep Kancherla has been promoted to credit manager in the local office here. Kancherla was formerly part of the bank’s competitive risk management associate program.
SUMMIT BUILDERS (PHOENIX) The firm has tapped Paul Stiak as chief operating officer, moving him up from his previous role as executive vice president. Stiak has been at Summit since 1987. Also promoted were Steve Bellew and Richard Armsworthy, who were named division presidents for the Nevada and Newport Beach, CA areas, respectively.
TRAMMELL CROW CO. (NEW YORK CITY) Paul Merkelson has come on board as senior vice president of project management. He will oversee more than 60 project management professionals in the New York City region. Merkelson comes from Jones Lang LaSalle, where he was senior vice president for project and development services.
CAPITALSOURCE FINANCE (CHEVY CHASE, MD) The firm has tapped three senior loan originators. Gabe Boyar has joined the firm’s New York City office as director, leaving his previous post at UBS Securities. Alec Bliss and Lowell Dwyer have been named investment officers in the Chicago and San Francisco offices, respectively. Bliss was previously at LaSalle Bank; Dwyer was at Lowell-Arbor Commercial Mortgage.
JONES LANG LASALLE (SACRAMENTO; SAN FRANCISCO) Drew Peterson and Jim Dublin have joined the company’s leasing and management group as vice presidents. Peterson, in the Sacramento location, was most recently office properties specialist at Cornish & Carey Commercial. Dublin, based in San Francisco, was previously senior associate at CB Richard Ellis.
NAI HIFFMAN (OAKBROOK TERRACE, IL) Joseph Maher III has joined the firm as associate in its industrial brokerage group. Maher was most recently senior associate in the industrial group at Grubb & Ellis. He will focus on sales, leasing and build-to-suit projects.
CORPORATE CAPITAL & DEVELOPMENT (DALLAS) Andrew Tompson has been hired as acquisitions associate; he will focus on asset analysis and real estate investment. Tompson was most recently in the asset management department at Westbrook Properties.
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